The Mudcat Café TM
Thread #138922 Message #3182075
Posted By: pdq
05-Jul-11 - 06:34 PM
Thread Name: BS: The price of groceries!?
Subject: RE: BS: The price of groceries!?
The Great Corn Con
The Senate's preposterous new ethanol bill.
By Robert Bryce
Posted Tuesday, June 26, 2007, at 3:09 PM ET
The ethanol madness continues! Last week, the Senate passed an energy bill mandating the production of 36 billion gallons of ethanol per year by 2022—a sevenfold increase over current levels. Senators congratulated themselves for their environmental foresight. The president, a biofuels advocate, has enthusiastically endorsed the ethanol surge. But it's almost certainly a fantasy, since no one in Washington seems to have thought for five minutes about where or how that much ethanol could be produced...